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$NFLX Confirmed Breakout Above 222.47 Target 254.1

|Includes: Netflix, Inc. (NFLX)

confirmed breakout this morning after three weeks of consolidation

Breakout Details

BREAKOUT CONFIRMED breakout above 222.47, no resistance in area just above.
Type: True breakout from double resistance.
Target: 254.1, 11.7% Stop: 215.37, Loss: 5.3%, Profit/Loss ratio: 2.2 : 1 - Good

Support and Resistance

CURRENT PRICE 227.42, just above resistance, 215.7 ± 6.9, type double, strength 9

RESISTANCE ABOVE None.

SUPPORT BELOW -5.2% at 215.7 ± 6.9, type double, strength 9
-17.2% at 188.4 ± 6.03, type triple+, strength 10

NFLX stock chart

Source: http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=NFLX